Forex: January 17 Analysis
FxGrow | Jan 16, 2018 04:13AM ET
EUR/JPY Intraday: turning down.
Pivot: 136.10
Our preference: short positions below 136.10 with targets at 135.00 & 134.40 in extension.
Alternative scenario: above 136.10 look for further upside with 136.55 & 136.95 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
136.95
136.55
136.10
135.40 Last
135.00
134.40
133.90
EUR/GBP Intraday: turning down.
Pivot: 0.8910
Our preference: short positions below 0.8910 with targets at 0.8855 & 0.8840 in extension.
Alternative scenario: above 0.8910 look for further upside with 0.8930 & 0.8960 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
0.8960 ***
0.8930 **
0.8910 ***
0.8873 Last
0.8855 ***
0.8840 ***
0.8815 ***
AUD/USD Intraday: the upside prevails.
Pivot: 0.7940
Our preference: long positions above 0.7940 with targets at 0.7985 & 0.8015 in extension.
Alternative scenario: below 0.7940 look for further downside with 0.7920 & 0.7900 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
0.8040 ***
0.8015 **
0.7985 ***
0.7965 Last
0.7940 ***
0.7920 **
0.7900 ***
EUR/USD Intraday: under pressure.
Pivot: 1.2300
Our preference: short positions below 1.2300 with targets at 1.2185 & 1.2155 in extension.
Alternative scenario: above 1.2300 look for further upside with 1.2345 & 1.2395 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.2395
1.2345
1.2300
1.2240 Last
1.2185
1.2155
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USD/CHF Intraday: under pressure.
Pivot: 0.9655
Our preference: short positions below 0.9655 with targets at 0.9600 & 0.9560 in extension.
Alternative scenario: above 0.9655 look for further upside with 0.9700 & 0.9740 as targets.
Comment: as long as the resistance at 0.9655 is not surpassed, the risk of the break below 0.9600 remains high.
Supports and resistances:
0.9740
0.9700
0.9655
0.9622 Last
0.9600
0.9560
0.9525
USD/JPY Intraday: the upside prevails.
Pivot: 110.55
Our preference: long positions above 110.55 with targets at 111.20 & 111.45 in extension.
Alternative scenario: below 110.55 look for further downside with 110.30 & 110.00 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
111.70
111.45
111.20
110.85 Last
110.55
110.30
GBP/USD Intraday: bullish bias above 1.3760.
Pivot: 1.3760
Our preference: long positions above 1.3760 with targets at 1.3820 & 1.3855 in extension.
Alternative scenario: below 1.3760 look for further downside with 1.3720 & 1.3690 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.3900
1.3855
1.3820
1.3790 Last
1.3760
1.3720
1.3690
NZD/USD Intraday: caution.
Pivot: 0.7275
Our preference: long positions above 0.7275 with targets at 0.7315 & 0.7350 in extension.
Alternative scenario: below 0.7275 look for further downside with 0.7250 & 0.7220 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
0.7390
0.7350
0.7315
0.7297 Last
0.7275
0.7250
0.7220
USD/CAD Intraday: consolidation.
Pivot: 1.2445
Our preference: short positions below 1.2445 with targets at 1.2395 & 1.2365 in extension.
Alternative scenario: above 1.2445 look for further upside with 1.2475 & 1.2510 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.2445.
Supports and resistances:
1.2510
1.2475
1.2445
1.2420 Last
1.2395
1.2365
1.2330
GBP/JPY Intraday: the upside prevails.
Pivot: 152.30
Our preference: long positions above 152.30 with targets at 153.20 & 153.65 in extension.
Alternative scenario: below 152.30 look for further downside with 151.90 & 151.55 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
154.35
153.65
153.20
152.80 Last
152.30
151.90
151.55
Crude Oil (WTI) (G18) Intraday: bullish bias above 64.10.
Pivot: 64.10
Our preference: long positions above 64.10 with targets at 64.90 & 65.40 in extension.
Alternative scenario: below 64.10 look for further downside with 63.70 & 63.10 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
65.80
65.40
64.90
64.46 Last
64.10
63.70
63.10
Gold spot Intraday: bullish bias above 1333.00.
Pivot: 1333.00
Our preference: long positions above 1333.00 with targets at 1349.50 & 1358.00 in extension.
Alternative scenario: below 1333.00 look for further downside with 1327.50 & 1322.50 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1365.00
1358.00
1349.50
1338.89 Last
1333.00
1327.50
1322.50
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